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General Motors Bankruptcy

GM Bankruptcy Would Be Most Complicated In History

New York Times | MICHELINE MAYNARD and MICHAEL J. de la MERCED | Posted 05.25.2011 | Business

It is not just lawyers who will be busy handling a G.M. bankruptcy filing, which would be perhaps the biggest and most-watched in legal history. Beca...

US Steering GM Into Bankruptcy

Washington Post | David Cho, Peter Whoriskey and Kendra Marr | Posted 05.25.2011 | Business

The Obama administration is preparing to send General Motors into bankruptcy next week under a plan that would give the automaker tens of billions of ...

GM Bankruptcy Almost Inevitable, Experts Say

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — For General Motors Corp., the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable. To ...

GM to cut 21,000 US factory jobs, shed Pontiac

AP | TOM KRISHER and KIMBERLY S. JOHNSON | Posted 05.25.2011 | Business

DETROIT — General Motors Corp. could be majority owned by the federal government under a massive restructuring plan laid out Monday that will cu...

Chrysler, GM Getting Billions More In Gov Bailout Funds

AP | Posted 05.25.2011 | Business

DETROIT — General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race aga...

GM Workers Laid Off As Gov't Deadlines Loom

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — General Motors Corp. started firing 1,600 white-collar workers Monday, continuing its effort to slash costs and qualify for more gover...

Governor: Michigan `can live with' GM bankruptcy

AP | Posted 05.25.2011 | Business

DETROIT — Michigan's governor says talk about General Motors Corp. declaring bankruptcy "is unhealthy" but says such a filing is something the s...

GM Planning For Bankruptcy

Politico | Mike Allen | Posted 05.25.2011 | Business

Fritz Henderson, GM's new president and CEO, said for the first time Sunday that the automaker is planning for the possibility of restructuring within...

GM Says It's Willing To File For Bankruptcy In Regulatory Filing

New York Times | MICHELINE MAYNARD | Posted 05.25.2011 | Business

General Motors stated in a regulatory filing to the Treasury Department on Thursday that it is prepared to file for bankruptcy protection if it canno...

Obama Admin Plans To Ease GM Into "Controlled" Bankruptcy

New York Times | MICHAEL J. de la MERCED and JONATHAN D. GLATER | Posted 05.25.2011 | Business

The government may seek to ease General Motors into what it calls a "controlled" bankruptcy, somewhere between a prepackaged bankruptcy and court chao...

GM CEO Wagoner Forced Out... Now What?

Payam Zamani | Posted 05.25.2011 | Business
Payam Zamani

The worst thing we can do is invest billions in these troubled businesses but be stingy when it comes to paying the skilled individuals who are badly needed to turn the organizations around.

GM's auditors raise the specter of Chapter 11

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — Of all the words in General Motors Corp.'s 402-page annual report, none is more jarring than two written by the company's auditors: "s...

GM Bankruptcy Fees Could Reach $1.2 Billion, Top Lehman Brothers

Bloomberg | Linda Sandler | Posted 05.25.2011 | Home

Feb. 25 (Bloomberg) -- A General Motors Corp. bankruptcy might yield a $1.2 billion "bonanza" for bankers, accountants and lawyers, surpassing record ...

GM Considering Bankruptcy Filing

Reuters | Posted 05.25.2011 | Business

General Motors Corp, nearing a Tuesday deadline to present a viability plan to the U.S. government, is considering as one option a Chapter 11 bankrup...

GM Wants A Bailout? Here Are The Conditions

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

General Motors' lobbyists are trying to terrify the nation into keeping the company on life-support with another $25 billion bailout.